Heim Shannon 4

What Happened

• Shannon Heim, Vice President and General Counsel of NorthWestern Energy Group, received 2,818 shares on 2026-02-27 as the payout/settlement of performance units granted under the company's 2023 Long-Term Incentive Program. The filing values those shares at $68.45 each (total ≈ $192,892).
• The filing also shows 892 shares were disposed of (transaction code F) on the same date to satisfy tax withholding obligations; those withheld shares are reported at $0.00 for the disposal line.

Key Details

• Transaction dates: acquisition and tax withholding both reported for 2026-02-27; Form 4 filed 2026-03-02 (timely — within the two-business-day filing window).
• Price used for valuation: $68.45 per share (closing price on 2026-02-11, the date the Board approved payout/vesting).
• Amounts: 2,818 shares acquired (A) = ~$192,892; 892 shares withheld for taxes (F) — reported disposal amount $0.
• Vesting note: shares were acquired upon 12/31/2025 vesting of performance units (footnote F1); Board approved payout/vesting on 2/11/2026 (footnote F2).
• Shares owned after the transaction: not explicitly stated in the excerpt; footnote F3 notes total reported holdings include ESPP participation and dividend reinvestment.

Context

• This was a compensation-related award vesting, not an open-market purchase or sale — routine for executives and not necessarily a direct signal of bullish or bearish intent.
• The 892-share disposition is tax withholding (common for equity awards), not an open-market sale.